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March 25, 2005
Ownership of Portion of Fixed Assets Transferred

In a board meeting held March 25, 2005, TBK elected to sell a portion of the Tokachi Test Track to Hitachi's Automotive System Group. This agreement enables both Hitachi and TBK to effectively utilize assets and share the benefits. Selling a portion of the trialing course is anticipated to drive up income for fiscal 2005 by some \780 million.

 
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